Coping With Inventory Uncertainties: The probabilistic model of inventory control
Inventory control is exceedingly difficult if you go into it blind, with no tips and tricks and no supporting software. However, with the right knowledge and methods in place, it can be something you can manage and control with few problems. Part of the art of inventory control lies in the ability to adapt to […] ... Read More
May 24, 2019 business costs, inventory control, inventory management software, overstock, stock control, stock level, understockHow Stocktaking Can Shed Light on Inventory Turnover
An accurate stock take ensures that the inventory turnover ratio is going to be a reliable tool. If the numbers are right, business owners can plan for the future. It is a powerful part of inventory management and allows the business to make smarter decisions on what parts of the inventory stock they should invest […] ... Read More
May 21, 2019 inventory control, inventory management, inventory management software, inventory turnover, stock takeHow You Can Optimise Your Inventory to Save Money
The phrase ‘flushing money down the drain’ can feel like a reality if your inventory isn’t managed properly. Managing inventory can be daunting, but the feeling of losing money because of inventory can be even worse. Mistakes from a stock take can be costly: dead stock lying around the warehouse can take up storage costs […] ... Read More
May 13, 2019 inventory control, inventory management, inventory management software, optimise inventory, real time, stock controlUnderstanding Inventory Par Levels in Business
As any business owner or inventory manager knows, balancing inventory and managing inventory levels effectively can be the backbone of any business. While a company is smaller, managing inventory may be a relatively simple task, but it can quickly become more and more difficult as the business growth along with the customer base. In this […] ... Read More
May 4, 2019 inventory control, inventory levels, inventory management, inventory management software, stock controlMaking Smarter Merchandising Decisions with Better Inventory Management
Selecting the appropriate types and quantities of merchandise for your business can be a real challenge, especially as your business begins to grow. Managing your inventory well can help take the guesswork out of purchasing decisions, and lead to more profitability and less wastage. In this article, we explore how business owners and inventory mana ... Read More
April 20, 2019 demand forecasting, inventory management, inventory management software, stock demandThe Impact of a Multichannel Strategy on Your Entire Supply Chain
Multichannel retail strategies open up selling opportunities to the vendor, increasing the level of interaction with consumers and offering a more and more customised approach to retail. However, this does not come without impact to the supply chain, both positive and negative. So, what are some of the effects to be aware of? Top of […] ... Read More
April 17, 2019 inventory management software, multi-channel, retail, supply chainCentralised Inventory Management: Is it right for you?
Inventory management is a game changer when it comes to retail profitability. When your inventory is managed well, other parts of your business reap the benefits. However, the importance of inventory management isn’t always appreciated and can be overlooked by business owners. This is interesting because, from a financial point of view, inventory ... Read More
April 11, 2019 eCommerce, inventory management, inventory management software, multi-channel, retailImproving the Picking Process with Inventory Management Techniques
Inventory management is all about balancing supply with demand and ensuring neither supply nor demand becomes out of control. However, it is also about paying attention to what happens in the middle, and even if supply and demand meet happily, ensuring that every internal step is as efficient and cost-effective as possible. The internal step [&hell ... Read More
March 28, 2019 inventory control, inventory management software, order fulfillmentPreventing 3 Common Inventory Control Issues
For large corporations or SMEs, correctly managing your inventory stock is imperative to achieving an efficient, sustainable and profitable business. Inventory control, however, brings with it many issues but with the right tools, some of the common ones are easily managed. Problems include product stockouts that result in lost sales opportunities ... Read More
March 26, 2019 inventory control, inventory management, inventory management software, inventory management system, inventory stock5 Traits of a Great Inventory Manager
Inventory management is key to the success of any business, big or small. It encompasses a wide range of tasks, all of which should streamline your supply chain and ensure the utmost productivity. As your business grows, good inventory management will become even more crucial, and you may need to hire an inventory manager who […] ... Read More
March 23, 2019 inventory management, inventory management software, inventory stock, supplier relationship6 Signs Your Business is Achieving Efficient Inventory Management
Did you know that better inventory management and control is one of the biggest parts of running a successful business and yet it is one that is often put on the back burner for misconceptions of that it is not a major profitable pursuit? Business owners know that holding inventory stock ties up a lot […] ... Read More
March 19, 2019 inventory, inventory control, inventory management, inventory management software, inventory management system3 Inventory Control Techniques to Improve and Maintain Inventory Accuracy
Inventory accuracy is vital to an organisation’s long-term success. Profits depend on the sale of inventory stock and if you don’t know what or how much you are selling then you could be missing an opportunity to maximise sales. Having poor and inaccurate inventory control can be costly because it causes issues such as unplanned […] ... Read More
March 16, 2019 inventory control, inventory management software5 Benefits of Modernising Your Inventory Management Today
Sometimes you know there is room for improvement, but you simply cannot decide where to begin. If there’s one area that can have a far-reaching impact on your business in terms of making money and saving money, it has to be better inventory management. We’ve recently seen Target prioritise a $7 billion investment to optimise […] ... Read More
March 7, 2019 cloud-based, cloud-based software, inventory management, inventory management software, inventory stock, multi-channelWhat’s Causing Your Inventory Management Problems and How to Avoid Them
Businesses are quickly realising that inventory control is absolutely necessary to run an efficient business and make money in the process. Especially in today’s competitive marketplace, business owners simply can’t afford to have money go down the drain. We take a look at common inventory management problems, causes and how best to avoid this. ... Read More
March 6, 2019 inventory control, inventory management, inventory management softwareInventory Management In An Increasingly On-Demand World
In our increasingly digital, and moreover, consumer-driven world, inventory management can be tough for business owners. Whereas traditional inventory management was fulfilled in bulk and only took into account the brick-and-mortar store, these days it’s much different. Consumers are increasingly demanding newer, more efficient and more convenien ... Read More
March 5, 2019 inventory control, inventory management, inventory management software, multi-channelWhat Makes a Great Inventory Manager?
Being an inventory manager involves a varied set of skills. These skills need to span across a variety of touchpoints in a business. Not only do you need to manage the inventory, but you need to look after your staff who help you on the warehouse floor. It’s a crucial role that has responsibilities in […] ... Read More
March 1, 2019 inventory management, inventory management software, stock controlLook to Modernisation to Give Your Inventory Management a Make-Over
If you’re looking to make improvements to your inventory management, but you’re not sure where to start, we’ve got a few suggestions to help you out. When you take a step back and look at your processes, your warehouse, and your staff, you will undoubtedly see methods that can be better. It’s one thing to […] ... Read More
February 27, 2019 inventory management, inventory management software, inventory management systemHow You Can Simplify Your Supply Chain
For many supply chain managers at wholesale, distribution, and manufacturing companies, simplifying the supply chain can be a difficult task. An efficient and effective supply chain is fundamental to the success of these types of businesses, and the key to ensuring their efficacy is their simplification. In this article, we outline three key ways b ... Read More
February 21, 2019 3pl, distributors, inventory management software, manufacturers, supply chain, wholesale5 Reasons You Need Modern Inventory Solutions for Optimum Inventory Control
Innovative technologies have made their mark on every aspect of manufacturing, retail and eCommerce business, from product design through to after sale service. When deciding where to prioritise budget spend for greatest return on investment, companies have difficult decisions to make and while inventory control continues to be fundamentally impact ... Read More
February 19, 2019 inventory control, inventory management, inventory management softwareImplementation Partner NOVA Group helps businesses take their inventory to the cloud
You’ve looked at cloud-based software and know all the benefits you’ll get from managing your inventory in the cloud. Are you ready to take the next step towards implementing it? Unleashed works with great Implementation Partners across the globe. Our Implementation Partners are trained to setup Unleashed so that it matches your business’ spe ... Read More
February 13, 2019 cloud-based inventory, cloud-based software, HK, implementation partners, inventory management software, partner spotlight, partners, unleashed partnersHow Can I Make Sure My Business is Ready for Action in the New Year?
You’ve had your Christmas party, you’ve shipped your final orders for the holiday season and you’re enjoying your time off. But it’s never too early to start thinking about the following year – and there’s plenty to think about when it comes to making the year easier on yourself and your employees. One of the […] ... Read More
February 8, 2019 inventory control, inventory management, inventory management software, stock control, stock take